Import of petroleum products: PSO receives Rs62bn for confirmation of LCs Issue pertaining to confirmation of LCs by local, international banks was resolved few weeks ago Updated 12 Aug, 2022 10:47am
Markets Onward payment to PSO, PPL: DG (Gas) writes to PD for payment of TDS to KE Since May 2022, KE began defaulting timely payments to SSGC against weekly RLNG bills Updated 09 Aug, 2022 03:58pm
Print Cabinet yet to approve hike in gas rates Under OGRA’s Amended Act, there is a defined period of 40 days after determination of tariff by the regulator following which the determined tariff would automatically become applicable Updated 03 Aug, 2022 10:38am
Print Light diesel, kerosene: pricing likely to be deregulated ISLAMABAD: The Federal Government has decided to deregulate pricing of light diesel oil and kerosene oil in... Updated 02 Aug, 2022 10:18am
Opinion The buck must stop with petroleum division The country is facing a severe balance of payment crisis. With drying external sources to reroll maturing debt, it ... Published 01 Aug, 2022 06:51am
Print Cabinet approves hike in petroleum dealers’ margin ISLAMABAD: The federal cabinet has reportedly approved an increase in dealers’ margin to Rs7 per litre on the ... Updated 31 Jul, 2022 09:38am
Business & Finance KE’s TDS issue: SSGCL seeks PD’s help ISLAMABAD: Sui Southern Gas Company Limited (SSGCL) has sought help from Petroleum Division for resolution of KE’s... Published 29 Jul, 2022 06:14am
Business & Finance Mining sector likely to get status of industry Move aimed at facilitating its development as per rules of provincial governments Updated 27 Jul, 2022 11:54am
Markets Experts advocate steps to increase reliance on indigenous fuel sources ISLAMABAD: Energy experts have proposed to the Planning Division and the Petroleum Division measures to increase... Published 27 Jul, 2022 05:23am
Markets Two RLNG-fired power plants: Minister convenes meeting of body on NPPMCL today ISLAMABAD: Minister for Power Khurram Dastgir Khan convened a meeting of Committee on Debt Recapitalization of... Published 21 Jul, 2022 05:40am
Print ECC decides to raise gas prices Directs to further reduce the gas rates for export and non-export industry/captive power Updated 08 Jul, 2022 09:42am
Print Burden of hike in gas prices to be passed on to rich: minister ISLAMABAD: Minister for State for Energy, Musaddiq Malik hinted that a proposal has been submitted to the federal... Updated 08 Jul, 2022 09:29am
Print Lifeline consumers spared: PD proposes massive increase in gas prices ISLAMABAD: The Petroleum Division has reportedly proposed a massive increase in price of natural gas... Updated 07 Jul, 2022 03:09pm
Markets OMAP lauds govt, Ogra for disbursement of PDC LAHORE: Oil Marketing Association of Pakistan (OMAP) on Monday appreciated Government of Pakistan, Oil & Gas... Published 05 Jul, 2022 05:19am
Print PSO lodges ‘complaint’ against power plants ISLAMABAD: Pakistan State Oil (PSO) has informed Petroleum Division that power plants are neither uplifting booked... Updated 04 Jul, 2022 09:36am
Print KE urges SSGCL to supply up to 70mmcfd of gas ISLAMABAD: Karachi Electric (KE) has urged Sui Southern Gas Company Limited (SSGCL) to immediately start supply of... Updated 02 Jul, 2022 09:48am
Business & Finance Musadik given overview of PSO’s performance KARACHI: Minister of State (Petroleum Division), Ministry of Energy, Musadik Malik visited PSO’s Head Office ... Published 28 Jun, 2022 07:13am
Markets New connections: PD to provide gas companies new guideline ISLAMABAD: The Petroleum Division will provide a new guideline to the board of directors of both gas companies, the... Published 26 Jun, 2022 05:44am
Print ECC approves Rs17bn for RLNG-based power plants ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reportedly approved Rs17 billion for... Updated 26 Jun, 2022 08:48am
Print ‘KSA is assisting in getting another deferred oil facility through IDB’ ISLAMABAD: Government of Saudi Arabia is helping Pakistan in getting another deferred oil facility of $1.2 billion... Updated 23 Jun, 2022 09:53am
Markets ‘Pay Rs11.582bn against RLNG supplies’: SSGCL urges PD to get approval of KE’s pending subsidy ISLAMABAD: Sui Southern Gas Company Limited (SSGCL) has requested Petroleum Division to get approval of KE’s... Published 23 Jun, 2022 06:05am
Print ECC meeting to take up 13-point agenda today ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet is being held Wednesday (June 22) ... Updated 22 Jun, 2022 10:05am
Print Gas tariffs now under govt focus Finance Minister Dr Miftah Ismail directs Petroleum Division to come up with proposals for revision in gas tariffs Updated 20 Jun, 2022 09:59am
Markets Rs431m set aside for gas supply to 3 SEZs ISLAMABAD: The government has budgeted Rs431 million for two gas companies (the Sui Northern Gas Pipeline Limited ... Published 19 Jun, 2022 06:06am
Markets Industrial park, refinery may be included in JEWG meeting’s agenda ISLAMABAD: Petroleum Division is reportedly striving hard to include $20 billion petrochemical and industrial park,... Published 17 Jun, 2022 06:37am
Print Petroleum Div asked to sort out guaranteed gas supply issues ISLAMABAD: Privatisation Commission (PC) has reportedly warned Petroleum Division that debt recapitalization and... Updated 15 Jun, 2022 10:06am
Print Power sector: ECC approves Rs50bn as advance against subsidy claims ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs50 billion in the ongoing fiscal... Updated 14 Jun, 2022 09:55am
Print ‘Average tariff of all Discos be notified as uniform tariff’ ISLAMABAD: Ministry of Finance (MoF) has proposed that average tariff of all Discos be notified as uniform tariff... Updated 14 Jun, 2022 09:37am
Markets PD for subsidy withdrawal on HSD consumption by power sector ISLAMABAD: The Petroleum Division has proposed withdrawal of subsidy on consumption of High Speed Diesel (HSD) by ... Published 07 Jun, 2022 05:47am
Editorials Oil industry’s desperate SOS call EDITORIAL: The oil industry could not possibly have faced a bigger crisis at the moment than international banks... Published 04 Jun, 2022 04:18am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’